**“Operational Control”** has the same meaning given the term in Section 1.1 of the FAR.


  



**“Parts”** means all appliances, components, parts, instruments, appurtenances, accessories, furnishings or other equipment of whatever nature (other than complete Engines or engines) which may from time to time be incorporated or installed in or attached to the Airframe or any Engine and includes replacement parts.


  



**“Pilot in Command”** has the same meaning given the term in Section 1.1 of the FAR.


  



**“Rent Payment Date”** means the 15th day of each calendar month.


  



**“Taxes**” meansall taxes of every kind (excluding any tax measured by or assessed against a taxpayer’s income, including, without limitation, any income tax, gross income tax, net income tax, or capital gains tax) assessed or levied by any federal, state, county, local, airport, district, foreign, or other governmental authority, including, without limitation, sales taxes, use taxes, retailer taxes, federal air transportation excise taxes, federal aviation fuel excise taxes, and other similar duties, fees, and excise taxes.


  



**“Term**” means  the entire period from the Effective Date to the date this Agreement is terminated pursuant to Section 3.1.


  



**SECTION 2.**


**LEASE AND DELIVERY OF THE AIRCRAFT**


  



2.1


**Lease**.  Lessor agrees to lease to Lessee, and Lessee agrees to lease from Lessor, the Aircraft, on the terms and conditions of this Agreement.  


  



2.2